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 1. Homepage
 2. Equities
 3. Switzerland
 4. Swiss Exchange
 5. Temenos AG
 6. News
 7. Summary

    TEMN   CH0012453913


TEMENOS AG

(TEMN)
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  Report

Real-time Estimate Cboe Europe  -  04:28:01 2023-05-19 am EDT 76.34 CHF   +1.46%

05/16Temenos : Launches AI Powered Digital Mortgages for Fast Responsible
Lending
PU
05/12Temenos : Awards Celebrate Banking in a Cloud World
PU
05/11Temenos Integrates Core Banking in Software-as-a-Service Offering
MT

SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 

SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial
PublicationsSector news

Days
09
:
Hours
15
:
Minutes
30
:
Seconds
29




TEMENOS : LAUNCHES AI POWERED DIGITAL MORTGAGES FOR FAST RESPONSIBLE LENDING

05/16/2023 | 03:40am EDT



SEND BY MAIL :


Name : First name : From* : To* : (You can enter multiple email addresses
separated by commas) Message : *Required fields

News
Temenos Launches AI Powered Digital Mortgages for Fast Responsible Lending

Front-to-back mortgage solution streamlines the mortgage journey by providing
seamless experience for borrowers and efficient processing for lenders

 * Share on:
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Press Releases, May 16, 2023
Temenos - Company

GENEVA, Switzerland - MAY 16, 2023 - Temenos (SIX: TEMN) today launched a
fully-Integrated front-to-back, mortgages solution with a smart decision engine
powered by Explainable AI, helping lenders to deliver a personalized digital
mortgage experience while reducing their costs and time to close.

The solution enhances productivity and reduces delinquencies for the lenders
through automation and intuitive workflows to make quick and prudent decisions,
using AI to provide affordability assessments that are transparent and
explainable.



Temenos Digital Mortgages provides the borrowers with hyper personalized
experience in every touch point through the partner ecosystem model, resulting
in seamless customer experience and increased customer satisfaction.

Reducing the time to close is important to customers, particularly during
turbulent times with rising interest rates, helping them meet real estate
contracts or rate lock periods to secure a property or afford a mortgage.

The composable and highly scalable solution is suitable for banks of all sizes,
building societies, credit unions that want to enhance their service offering
and fintech or challenger banks looking to enter the mortgage market.

Lenders can deploy the complete pre-integrated front-to-back solution that comes
with pre-configured user journeys and out-of-the-box integrations for documents
generation and management, ID verification and Analytics to accelerate time to
market. Alternatively, they can take individually deployable components that
easily integrate via APIs with their existing infrastructure.

The low-code configurability of business rules and overall workflow design makes
it easy for lenders to tailor the product to suit the varied regulatory and
credit requirements.

The solution is cloud-native and available for lenders to deploy in their own
datacenters and on any public cloud or as a SaaS on Temenos Banking Cloud,
enabling them to launch and scale up services rapidly.

Prema Varadhan, President Product and Chief Operating Officer, Temenos,
commented:

"The mortgage experience from many lenders is slow and fragmented, resulting in
customer leakage in the application process. With this new solution, lenders can
easily upgrade their mortgage capability, elevating the digital experience and
leverage explainable AI for fast, responsible lending decisions. Despite the
economic headwinds, the mortgage market continues to grow and by modernizing
their systems in this way, we're helping lenders increase volumes sustainably
while ensuring affordability and transparency."

Stewart Watterson, Strategic Advisor, Aite-Novarica Group, commented:

"Mortgage lenders should take this time to rethink their existing workflows
while starting from a clean whiteboard. Digital straight-through processing is
no longer just aspirational; lenders have an opportunity but will need to divest
themselves of the patchwork of paper, batch files, and legacy technologies that
have been strung together over time. Making the capital investment in true
digital end-to-end solutions sitting on a modern tech stack will provide a
positive boost to efficiency ratios through cost of errors expenses alone,
coupled with the ability to redeploy FTEs to higher-impact business areas."

Temenos Press Contacts

Jessica Wolfe & Scott Rowe

Temenos Global Public Relations

+1 610 232 2793 / +44 20 7423 3857[email protected]

Alistair Kellie

SEC Newgate Communications for Temenos

+44 20 7680 6550[email protected]

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Disclaimer

Temenos AG published this content on 16 May 2023 and is solely responsible for
the information contained therein. Distributed by Public, unedited and
unaltered, on 16 May 2023 07:39:11 UTC.


© Publicnow 2023





All news about TEMENOS AG

05/16Temenos : Launches AI Powered Digital Mortgages for Fast Responsible
Lending
PU
05/12Temenos : Awards Celebrate Banking in a Cloud World
PU
05/11Temenos Integrates Core Banking in Software-as-a-Service Offering
MT
05/11Temenos : Australian Digital Bank, Alex Bank Goes Live with Term Deposits
on Temenos Banki..
PU
05/11Temenos Leads the Way in CBDC Innovation with R3
GL
05/11Temenos Expands Relationship with AWS to Offer Core Banking as SaaS
GL
05/11Temenos AG Expands Relationship with AWS to Offer Core Banking as SaaS
CI
05/11Temenos : Leads the Way in CBDC Innovation with R3
PU
05/11Temenos : Expands Relationship with AWS to Offer Core Banking as SaaS
PU
05/10Temenos Brings Investment Advisory to Digital Wealth, Helping Banks Tap
Global Growth i..
GL

More news

Analyst Recommendations on TEMENOS AG

04/11Research Partners Lifts Price Target on Temenos, Maintains Buy
Recommendation
MT
2022TEMENOS AG : Berenberg European Conference
FA
2022Temenos awarded the top ESG rating by MSCI
GL

More recommendations


Financials (USD)

Sales 2023 995 M - - Net income 2023 133 M - - Net Debt 2023 641 M - - P/E ratio
2023 46,1x Yield 2023 1,39%

Capitalization 6 015 M 5 975 M - EV / Sales 2023 6,69x EV / Sales 2024 6,06x Nbr
of Employees 7 530 Free-Float 84,3%

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Chart TEMENOS AG

Duration : Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10
years Max. Period : Day Week



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Technical analysis trends TEMENOS AG

Short TermMid-TermLong TermTrendsBullishBullishNeutral

Technical analysis

Income Statement Evolution
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Created with Highstock 6.2.0Million USDSalesNet incomeNet
income/Sales2018201920202021202220232024202505001,0001,5005%10%15%20%25%©marketscreener.com
- S&P Global Market Intelligence
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Consensus
Sell

Buy
Mean consensus HOLD Number of Analysts 16 Last Close Price 83,69 $ Average
target price 76,11 $ Spread / Average Target -9,05%

Consensus

EPS Revisions
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Created with Highstock 6.2.0USDEPS 2023EPS 2024EPS 2025Jan '22Jul '22Jan '23Jul
'231.522.533.544.555.56©marketscreener.com - S&P Global Market Intelligence
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Managers and Directors

Andreas Andreades Chief Executive Officer Panagiotis Spiliopoulos Chief
Financial Officer Thibault de Tersant Non-Executive Chairman Premalatha Varadhan
Chief Product & Technology Officer Ian Cookson Independent Non-Executive
Director

More about the company
Sector and Competitors

1st jan.Capi. (M$) TEMENOS AG48.29%5 975

MICROSOFT CORPORATION32.82%2 368 352 SYNOPSYS INC.18.10%62 400 CADENCE DESIGN
SYSTEMS, INC.27.09%59 129 DASSAULT SYSTÈMES SE11.88%53 034 SEA LIMITED34.85%39
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Minutes
30
:
Seconds
29

My Watchlist My previous session (0) Most popular (20)
NETFLIX, INC.
+9.22%

INTEL CORPORATION
+2.81%

ASML HOLDING N.V.
+2.03%

WALT DISNEY COMPANY (THE)
+1.07%

TESLA, INC.
+0.84%


--------------------------------------------------------------------------------

AMAZON.COM, INC.
-0.29%

PAYPAL HOLDINGS, INC.
-0.31%

ALIBABA GROUP HOLDING LIMITED
-5.41%

My lists
Rankings -- Amérique du Nord -- DOW JONES Mexico IPC Nasdaq 100 Nasdaq Composite
Russell 2000 Toronto TSX US 500    -- Europe -- AEX AEX All Shares AMX ASCX ASE
ATX BEL 20 BEL All Shares BEL Mid Bel Small CAC 40 CAC Large 60 CAC Mid & Small
CAC Mid 60 CAC Next 20 CAC Small DAX Euro Stoxx 50 Finland OMXH 25 FTSE 100
FTSE-MIB IBEX 35 MDAX OMX Copenhagen 20 OMX Nordic 40 OMX Oslo 20 PEA (Liste
Indicative) PEA PME PSI 20 Rusland RTS S&P United Kingdom SBF 120 SDAX SMI SRD
France SRD Long Only Stoxx Europe 600 Stoxx Italy 20 Stoxx Italy 45 Stoxx Italy
TMI Sweden OMXS 30 Swiss Market (Mid Cap) Total Return Index - CHF Swiss Market
(SMI) Gross Total Return Index - CHF Swiss Middle Companies Total Return Index -
CHF TecDAX WIG 20     -- Asia, Pacific -- ASX 200 Hang Seng KOSPI Composite MSCI
Pacific ex Japan Nifty 100 Nifty 50 Nifty 500 Nikkei 225 SENSEX 30 SET 50
Shanghai Composite Solar Value Chain Taiwan TWSE Tokyo TOPIX      -- Amérique du
Sud -- Caracas Ibovespa MSCI EM LATIN AMERICA       -- Middle East -- CASE 30
Tel Aviv 35       
TAKE-TWO INTERACTIVE SOFTWARE, INC.
+11.69%

BATH & BODY WORKS, INC.
+10.73%

NETFLIX, INC.
+9.22%

SYNOPSYS INC.
+8.65%

COPART, INC.
+7.77%


--------------------------------------------------------------------------------

ETSY, INC.
-2.74%

NEWMONT CORPORATION
-3.31%

MOLINA HEALTHCARE, INC.
-3.60%

TARGET CORPORATION
-4.21%

LUMEN TECHNOLOGIES, INC.
-4.92%

Created with Highstock
6.2.0FinancialsFinancialsIndustrialsIndustrialsConsumerNon-CyclicalsConsumerNon-CyclicalsEnergyEnergyConsumerCyclicalsConsumerCyclicalsTechnologyTechnologyHealthcareHealthcareBasicMaterialsBasicMaterialsUtilitiesUtilitiesReal
EstateReal Estate
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Rankings -- Amérique du Nord -- DOW JONES Mexico IPC Nasdaq 100 Nasdaq Composite
Russell 2000 Toronto TSX US 500    -- Europe -- AEX AEX All Shares AMX ASCX ASE
ATX BEL 20 BEL All Shares BEL Mid Bel Small CAC 40 CAC Large 60 CAC Mid & Small
CAC Mid 60 CAC Next 20 CAC Small DAX Euro Stoxx 50 Finland OMXH 25 FTSE 100
FTSE-MIB IBEX 35 MDAX OMX Copenhagen 20 OMX Nordic 40 OMX Oslo 20 PEA (Liste
Indicative) PEA PME PSI 20 Rusland RTS S&P United Kingdom SBF 120 SDAX SMI SRD
France SRD Long Only Stoxx Europe 600 Stoxx Italy 20 Stoxx Italy 45 Stoxx Italy
TMI Sweden OMXS 30 Swiss Market (Mid Cap) Total Return Index - CHF Swiss Market
(SMI) Gross Total Return Index - CHF Swiss Middle Companies Total Return Index -
CHF TecDAX WIG 20     -- Asia, Pacific -- ASX 200 Hang Seng KOSPI Composite MSCI
Pacific ex Japan Nifty 100 Nifty 50 Nifty 500 Nikkei 225 SENSEX 30 SET 50
Shanghai Composite Solar Value Chain Taiwan TWSE Tokyo TOPIX      -- Amérique du
Sud -- Caracas Ibovespa MSCI EM LATIN AMERICA       -- Middle East -- CASE 30
Tel Aviv 35       
NETFLIX, INC.
+9.22%

SYNOPSYS INC.
+8.65%

COPART, INC.
+7.77%

CADENCE DESIGN SYSTEMS, INC.
+6.22%

NVIDIA CORPORATION
+0.51%


--------------------------------------------------------------------------------

PALO ALTO NETWORKS, INC.
-0.94%

WALGREENS BOOTS ALLIANCE, INC.
-1.81%

T-MOBILE US
-2.40%

JD.COM, INC.
-4.12%

PINDUODUO INC.
-7.30%

Created with Highstock 6.2.0Consumer Non-CyclicalsConsumer
Non-CyclicalsTechnologyTechnologyHealthcareHealthcareIndustrialsIndustrialsConsumerCyclicalsConsumerCyclicalsUtilitiesUtilitiesEnergyEnergy
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Currency / Forex


USD / EUR
0.9279
-0.02%

USD / CAD
1.3481
-0.10%

USD / MXN
17.6712
-0.25%

USD / BRL
4.9538
-0.24%

USD / INR
82.7220
+0.03%

USD / CNY
7.0269
-0.11%

USD / JPY
138.1000
-0.38%

USD / AUD
1.5045
-0.29%

USD / KRW
1327.3100
-0.50%

USD / HKD
7.8120
-0.19%

USD / GBP
0.8064
+0.09%

USD / CHF
0.9028
-0.22%

Forex

Commodities


GOLD
1966.17
+0.41%

CRUDE OIL (WTI)
72.47
+0.53%

CRUDE OIL (BRENT)
76.43
+0.61%

SILVER
23.73
+0.98%

PLATINUM
1058.00
+0.54%

Commodities

Cryptocurrencies


BITCOIN
26891.2000
+0.19%

ETHEREUM
1807.8600
+0.33%

RIPPLE
0.4623
+0.61%

Cryptocurrencies

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